Rajan said his warning is apt for the US, whose debt trajectory will keep increasing steadily, according to IMF forecasts released last month.
Book review: What worked for China won't work for India. The way forward will have to be different, mindful of our context, suggest Raghuram Rajan and Rohit Lamba in their new book, Breaking the Mould: Reimagining India’s Economic Future.
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Populist politicians rarely listen to their hired economists. To be sure, Tamil Nadu isn’t the first state to appoint global economists as advisers. That credit goes to Kerala, which appointed Gita Gopinath, now Chief Economist IMF, as adviser in 2016. It was an experiment, which had turned out to be a farce
New paper suggests a sequence of reforms to overhaul the Indian banking system
Suggesting ways to change ownership structure of public sector banks, the paper said state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 percent.
Raghuram Rajan’s comments are significant in the context of an ongoing debate on whether the monetary policy committee (MPC) should cut key RBI policy lending rate further or remain on status quo to guard against inflation fears.
Several potential candidates were unwilling to get caught up in the Brexit politics, something that was unavoidable as BoE governor.
The ex-RBI chair questioned the government’s argument that raising part of its gross borrowing from overseas markets would ensure enough domestic credit for the private sector.
Former RBI Governor Raghuram Rajan today said reforms are likely to be put on the shelf till the next general elections but expressed hope that the country will move up to a "higher plane of growth" thereafter.
After several headwinds over the past year, India is now back on track for growth of up to 8 percent per year, former IMF Chief Economist Raghuram Rajan said Monday.
After successful three years when Raghuram Rajan institutionalised inflation targeting, stabilised the rupee, and started a massive bank clean up, he left abruptly, in three years, against the usual five years that governors serve. What's the story behind the exit? Was he on board with demonetisation? Was he opposed to it? Was that why he was allowed to go?
Manish Chokhani, a market expert, believes that the legacy of good governors will continue even after Rajan moves out and that there is enough talent in our country to uphold an institution like the RBI.
RBI Governor, Dr. Raghuram Rajan visited Milk Mantra’s plant in Gop. On a scheduled visit to the state, the ...